Iraq Stock Exchange Starts Electronic Trading

A signal day. Without fanfare, the ISX has opened electronic trading in five companies, with more to follow. Here are Reuters and USA Today.

“This is an important step to opening ourselves up to foreign investment,” said Taha Ahmed Abdul Salam, chief executive of the exchange. “We are starting to create the transparency and systems that will make Iraq attractive to investors outside of Iraq.” [That’s from USA Today. The AP got the CEO mixed up with the head regulator.]